Google Stock: Search Rival Perplexity AI Reportedly Seeking TikTok Merger

Spread the love

Perplexity AI, which rivals Alphabet’s Google in the internet search market, on Saturday submitted a bid to merge with the US social media company’s business to TikTok parent ByteDance. CNBC report. In Tiki Tok, perplexity can emerge as a strong contender. Alphabet (GOOGLE), potential damage to Google stock.

In the year Launched in 2022, Confusion is both a search engine and an AI chatbot. A shopping assistant powered by payments firm Stripe recently launched.

The Supreme Court on Friday upheld a federal law that would have banned TikTok if its China-based parent company did not sell US jobs to the popular short-form video app. TikTok said late Saturday that it had temporarily shut down its U.S. operations. President-elect Donald Trump has indicated that he plans to give more time to resolve the Bite Dance problems. He starts work on Monday.





X



Now playing
What is a quantum computer?



Congress passed legislation banning Tik Tok on national security grounds. Lawmakers have called on TikTok to take steps to prevent sharing data from US users with the Chinese government. A ban or sale of Tik Tok could boost shares as a social media platform. Meta forums (META) and Snap (SNAP).

in addition, Oracle (ORCL) If Tik Tok shuts down temporarily or for a long time, it will cause financial problems. Oracle provides cloud computing services to TikTok.

Bezos, NVD among perplexity investors

Perplexity’s proposal would create a new combined entity and add new capital partners, the report said.

Confusion is valued at $8 billion after the latest funding round. Its early investors are included. Amazon.com (AMZN) founder Jeff Bezos Nivea (NVDA) and New Enterprise Associates.

ByteDance has reportedly explored the option of a Tik Tok deal Tesla (TSLA) founder Elon Musk has emerged as a key adviser to Trump. Musk owns social media platform X, formerly known as Twitter.

Perplexity will need to line up backing from deep-pocketed investors to fund a deal with TikTok-parent ByteDance.

Wedbush analyst Daniel Ives told EBD in an email: “We see the Perplexity bid as having no chance as it is too low for its intrinsic value of more than $40 billion. Musk is the front-runner in what could be a very competitive bidding process for TikTok.”

Google Stock: Big 2024 Profits

Bezos and Musk are also longtime rivals in the space industry and elsewhere. Musk founded SpaceX and Bezos started Blue Origin. Both are working with the National Aeronautics and Space Administration on the lunar-exploration campaign.

Like startup OpenAI’s ChatGPT, Confusion answers questions based on data gathered by searching the web. OpenAI recently raised $6.6 billion in new funding, valuing the startup at $157 billion. He is OpenAI’s largest investor. Microsoft (MSFT).

Google stock gains 3.5% in 2025. Shares are up 37 percent over the past year. GOOGL stock has a five-week tight pattern with a buy point of 201.42 that could turn into a flat base after next week.

Follow Reinhardt Krause on Twitter @reinhardtk_tech Updates on artificial intelligence, cyber security and cloud computing.

You may also like:

Learn the best trading rules from the IBD Investor’s Corner

Want to trade options? Try these strategies

Check out IBD’s “Releasing Today” list for companies hitting new buy points

IBD Digital: Access IBD’s premium stock listings, tools and analysis today

Trumpet 2.0 Looms After Crucial Rally; What to do now

Similar Posts